Shenzhen Stock Exchange

Posted in Finance, Accounting and Economics Terms, Total Reads: 328

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Definition: Shenzhen Stock Exchange

It is based in Shenzhen, Guangdong and is one of the three stock exchanges besides the Shanghai Stock Exchange and Hong Kong Exchange in the People's Republic of China. Currently, Shenzhen Stock Exchange lists more than 1500 companies, majority of which are companies and subsidiaries of companies in which the controlling interest is held by the Chinese government. It lists the Shenzhen Stock Exchange 100 Index, which is composed of various Chinese benchmark banks and companies.

Shenzhen Stock Exchange was established on 1st December, 1990 and it is a self-regulated legal institution under the supervision of China Securities Regulatory Commission (CSRC). It also organizes, administers securities trading and executes duties prescribed by laws, rules and regulations. Its core functions include providing the venue and services for securities trading, framing operational rules, accepting listing applications and placing securities listing, organizing and overseeing securities trading, supervising members; regulating listed organisations, managing and broadcasting market information and other functions as sanctioned by the CSRC

The Shenzhen stock exchange is the ninth largest stock exchange in entire Asia, when measured in terms of market capitalization. The market capitalization was about $1 trillion in 2011. The exchange runs from 9:00 AM to 3:00 PM (China Standard Time, UTC+8) on weekdays except for pre-specified holidays. In 2009, the Shenzhen Stock Exchange started a new exchange ChiNext board similar to Nasdaq for high growth, small cap technology companies.

Hence, this concludes the definition of Shenzhen Stock Exchange along with its overview.

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